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the world economy doesn't know. my question is this. would the republican party like to go over the cliff hanging onto that 2% rich people and say that's why they did it? can they live with themselves if they do it? >> they have -- in some ways the politics for boehner becomes easier. i don't like to call it a cliff. after they go down the slope. >> why? >> because if nothing happens between now and the oerchd the year, all the tax cuts, puff, they disappear. you come back the first week in january and you pass a bill and then the tee partiers, boehner can make the argument to them if twhanlt to be reasonable. now you're voting for a tax cut. not for everyone but for 98%. before that happens the tea party people will say we're voting to raise taxes on the research. if you're voting to let it happen on its own -- >> do you people buy that story? they know what the mechanics of this thing are. >> let me finish one second. the tea partiers have to worry, some of them,ing being challenged from the right if they vote for anything resembling
the world economy doesn't know. my question is this. would the republican party like to go over the cliff hanging onto that 2% rich people and say that's why they did it? can they live with themselves if they do it? >> they have -- in some ways the politics for boehner becomes easier. i don't like to call it a cliff. after they go down the slope. >> why? >> because if nothing happens between now and the oerchd the year, all the tax cuts, puff, they disappear. you come back the...
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Dec 4, 2012
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the idea we're at a fiscal cliff where the economy stops on january 1st is completely misleading. it's a squeeze. everyone will feel it, but then you're in a position where everyone can vote to cut taxes. that might be more politically feasible. >> i like that perspective. you help us take out some of the fear mongering we see, a lot of the media is perpetuating. that's why we're doing the fiscal follies and the wheel of fortune. fiscal fiesta. the media is doing all this fear mongering and you get a lot out of washington. this is a self-created drama, of course. these cliff negotiations. but the markets are remaining relatively calm and steady. why are investors being so cool and above the fray when everybody else is running around with their heads cut off? >> everybody thinks what you see on tv with the duelling positions and we refuse to negotiate, the market sees it for what it is, which is theater. everyone is staking out the position trying to suck up to the base. there will be behind the scenes caving at some point, and if there isn't, if everyone just says absolutely not,
the idea we're at a fiscal cliff where the economy stops on january 1st is completely misleading. it's a squeeze. everyone will feel it, but then you're in a position where everyone can vote to cut taxes. that might be more politically feasible. >> i like that perspective. you help us take out some of the fear mongering we see, a lot of the media is perpetuating. that's why we're doing the fiscal follies and the wheel of fortune. fiscal fiesta. the media is doing all this fear mongering...
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Dec 4, 2012
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enough to get back to a healthy economy. they cut the estimate to how much we are growing. people are not making enough money and therefore, not spending enough money and businesses are not hiring enough people. we need to be talking about growth. the problem in the country is an economic growth problem. the deficit, nobody wants there to be a deficit, but that's not the pressing need we've got as a nation. growing the economy, frankly, is the only way we have gotten rid of red ink in the past. when americans are better off, they pay more in taxes. the government can pay for the usual things and pay down the debt. president clinton, the surplus, he got that partly from raising revenue. raising taxes. but also he did it in a way that grew the economy and the nation prospered and the debt became no big deal and then the debt was gone and the debt clocks that were supposed to be scary got shut off. that was because of prioritizing economic growth and being willing to raise revenues. look when we started growing again after the
enough to get back to a healthy economy. they cut the estimate to how much we are growing. people are not making enough money and therefore, not spending enough money and businesses are not hiring enough people. we need to be talking about growth. the problem in the country is an economic growth problem. the deficit, nobody wants there to be a deficit, but that's not the pressing need we've got as a nation. growing the economy, frankly, is the only way we have gotten rid of red ink in the past....
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Dec 6, 2012
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not a pro on the economy. i think we need to invest and there's a sweet spot comes up in infrastructure in particular that offers a real opportunity. >> jay, my question. as far as when you talk about that sweet spot, if we're going to start seeing inflation through the roof, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you said, there are places that business can succeed. is it government-infused money to get there, or is it going to be actual, real, american dollars in there? >> susan, that's really the opportunity. first of all, i don't think inflation is a concern for years. in order for inflation to be a concern it it has to get into the wage cycle. we're far from that. the needs are clear. ports, roads, transport rail and plus protection against extreme weather. on the other side demand. the demand for infrastructure investments isle comin
not a pro on the economy. i think we need to invest and there's a sweet spot comes up in infrastructure in particular that offers a real opportunity. >> jay, my question. as far as when you talk about that sweet spot, if we're going to start seeing inflation through the roof, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you...
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>> they're being given a choice between an economy which has been fantastic for them. labor has done really badly. they're saying, the current situation is great for us. but now we have two choices, between great and even better. are and given the choice, they'll take even better. >> and you talk about liberal pieties or whatever, the hatred of unions. i think that people underestimate, don't get -- and i've encountered this in my reporting, how visceral, almost dogmatic, almost religious and ideological, how fervently that belief is and how common that is among people who make a ton of money. >> it's one of the few times that you find a vague semblance of ideology in these people. because they're very practical, most of the time. whatever works in terms of making money is what they'll all choose. but you're right, sometimes even when you show them the numbers and say, listen, recognizing unions, you can be more profitable overall, they don't like that. >> felix salmon, reuters finance blogger, who will be live blogging in january, you should check that out, thanks for
>> they're being given a choice between an economy which has been fantastic for them. labor has done really badly. they're saying, the current situation is great for us. but now we have two choices, between great and even better. are and given the choice, they'll take even better. >> and you talk about liberal pieties or whatever, the hatred of unions. i think that people underestimate, don't get -- and i've encountered this in my reporting, how visceral, almost dogmatic, almost...
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economy. -- >> what is the way to do that and not hurt the u.s. economy? >> we need really, really fundamental tax reform. we also need entitlement reform, and we also need to use cost-benefit analysis. what shocked me about what the president put out is the cost- benefit analysis that they put out. they were proposing things that were twice the costs of their own benefits. i am sorry. if you run a government like that, you will go bankrupt. the rest of it is an exercise. we may as well go off the cliff or not. it really does not matter. if it is not january 1, it is not going to be too long from now before we start taking a sharp pencil to things. >> i sympathize with what larry is saying. what i am proposing, and what we are actually debating here is not to solve all of our problems ad infinitum into the future. there should be to solve this over the next decade so we get to a stable place. that is very doable in the context of the debate we are having now. if we get $3 trillion and debate the arithmetic, i think that is using reasonable assumptions abou
economy. -- >> what is the way to do that and not hurt the u.s. economy? >> we need really, really fundamental tax reform. we also need entitlement reform, and we also need to use cost-benefit analysis. what shocked me about what the president put out is the cost- benefit analysis that they put out. they were proposing things that were twice the costs of their own benefits. i am sorry. if you run a government like that, you will go bankrupt. the rest of it is an exercise. we may as...
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we'd jam the economy into a devastating recession. i mean, david said it well in his piece this morning. if you think the fiscal cliff is a problem, this kind of hostage taking around the debt ceiling is multiples of that and the president is, i think, very correct to stand extremely firm and be extremely clear that he's not going to play that game. >> karen, the politics of this are frightening for the republicans. the latest polling does not support their stance. and given that they spent four years obstructing this president and failed, why do it again from the outset of his second term? >> well, you know, there's good news for the republicans, martin. karl rove's group, crossroads gps is going to spend some money for some ads, and we know that's a successful strategy in convincing the american people. >> that's good news. >> i can't pass that chance up to do that. >> i understand. >> i think part of what's so important about the polling, we talked about this on monday and the quinnipiac polling you were showing, the republicans ha
we'd jam the economy into a devastating recession. i mean, david said it well in his piece this morning. if you think the fiscal cliff is a problem, this kind of hostage taking around the debt ceiling is multiples of that and the president is, i think, very correct to stand extremely firm and be extremely clear that he's not going to play that game. >> karen, the politics of this are frightening for the republicans. the latest polling does not support their stance. and given that they...
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Nov 29, 2012
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that's what our economy needs. that's what the american people deserve. >> the white house is also turning to social media in a new twitter hash tag to spread his message. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean you to. call your members of congress. write them an e-mail, post it on their facebook walls. you can tweet it using th the #my2k. not y2k, #my2k. >> they showed support for cutting a deal with the president. yesterday the oklahoma republican repeated his belief that congress should start by locking in tax cuts for the middle class. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now, continue to fight against any rate increases, continue to try to work honestly for a much bigger deal. >> if the president is willing to accept 80% of
that's what our economy needs. that's what the american people deserve. >> the white house is also turning to social media in a new twitter hash tag to spread his message. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean you to. call your members of congress. write them an e-mail, post it on their facebook walls. you can...
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Dec 4, 2012
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this impacts the economy and uncertainty out there that is lingering is creating havoc with our economy and our states and in my particular budget, not only don't we have growth money which we're anticipating in utah which is having a pretty healthy economy, we could take as much as a $500 million loss in revenue strings because of not getting it resolved. we're going to encourage people to come together and get it done. we're also saying that states are willing to do our part. we understand this will be a shared sacrifice as you have to look at spending cuts. states are willing to do more with less. we're asking for more flexibility. it's a common theme that we've talked about with the president, with congress. give us more flexibility. take away some of the strings and we can do more with less, help you balance your budget. >> governor walker what exactly did you say to our president and did you talk about taxes? >> well, in our case, as jack and mary both mentioned, we're not here as individual governors. we're here as part of the national governors so tp it wasn't to discuss a speci
this impacts the economy and uncertainty out there that is lingering is creating havoc with our economy and our states and in my particular budget, not only don't we have growth money which we're anticipating in utah which is having a pretty healthy economy, we could take as much as a $500 million loss in revenue strings because of not getting it resolved. we're going to encourage people to come together and get it done. we're also saying that states are willing to do our part. we understand...
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they are sailing it because they are sail yant to our economy, the price of gas has an impact on how much pocket change americans have to save or spend on anything else. >> people are not happy this morning. gas prices are going up. many people are flocking to places like this to find the cheapest gas prices around. right now a gallon is going to cost you $4.13. last week it jumped 16 cents. prices are expected to go up another 20 cents in the next few days. >> gas prices go up and down. there's supply and demand. every once in awhile like in that report, there's a dramatic spike. the weird thing about that particular gat spike in may that sparked that report was that that spike was really isolated. gas prices went way up in california, even as gas prices everywhere else were going down. and at the same time that gas prices were going up in california, crude oil prices [ male announcer ] we all make bad decisions. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ an
they are sailing it because they are sail yant to our economy, the price of gas has an impact on how much pocket change americans have to save or spend on anything else. >> people are not happy this morning. gas prices are going up. many people are flocking to places like this to find the cheapest gas prices around. right now a gallon is going to cost you $4.13. last week it jumped 16 cents. prices are expected to go up another 20 cents in the next few days. >> gas prices go up and...
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Nov 30, 2012
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let's keep our economy on the right track. let's stand up for the american belief that each of us have our own dreams and aspirations, but we're also in this together. we can work together in a responsible way that we're one people and one nation, that's what this country is about, that's what all of you deserve, what i'm fighting for every single day and i will keep fighting for as long as i have the privilege of being your president. thank you very much everybody. god bless you, god bless america. >> that is president obama speaking at the manufacturing facility in hatfield, pennsylvania. melissa harris-perry i think sasha and malia will get kinex roller coasters. could the president push those more than the tax cuts. i'm likening this to when dillon went electric. we are seeing obama play a hard ball that the democrats have not played with this current sort of republican party and it's most modern manifestation. what do you make of the messaging now, the fact he is going hard with one message only, which is about middle cla
let's keep our economy on the right track. let's stand up for the american belief that each of us have our own dreams and aspirations, but we're also in this together. we can work together in a responsible way that we're one people and one nation, that's what this country is about, that's what all of you deserve, what i'm fighting for every single day and i will keep fighting for as long as i have the privilege of being your president. thank you very much everybody. god bless you, god bless...
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how does this stimulate the economy and how does it solve the debt? the president's proposal is $160 billion of new taxes a year on a $1 trillion problem. we've got to get to the spending side. >> let me play for you what the president said about this. >> unfortunately, the speaker's proposal right now is still out of balance. he talks for example about $800 billion from revenues but says he's going to do that by lowering rates and when you look at the math it doesn't work. >> he says, congressman, the math doesn't add up. >> i'd like to see how he's doing his math on his spending cuts. so far take the spending cuts from last year and count them again this year, also going to end the war in 2014 so we'll have savings, won't wore row as much and take that as $2 trillion in savings. neither of those are real savings or cuts. the statement we won't borrow as much because we're ending the war and saying we never did a tax increase let's count it again is absurd. >> the $800 billion proposal independent experts looked at this and say technically you have t
how does this stimulate the economy and how does it solve the debt? the president's proposal is $160 billion of new taxes a year on a $1 trillion problem. we've got to get to the spending side. >> let me play for you what the president said about this. >> unfortunately, the speaker's proposal right now is still out of balance. he talks for example about $800 billion from revenues but says he's going to do that by lowering rates and when you look at the math it doesn't work. >>...
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Nov 28, 2012
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in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and a new survey shows the president has the public on board in a new washington post poll, 60% support raising taxes on incomes over $250,000. a healthy majority. indeed, even some republicans appear to be under sway, by the force of reason. >> in my view, we all agree we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now. continue to fight against any rate increases. try to continue to work honestly for a much bigger deal. >> oklah
in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's...
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it will eventually cost us jobs and eventually slow the economy. that's going to cost us revenue as well. i don't agree with the president on that point. frankly, i think he needs to be a lot more specific about putting spending cuts and entitlement reform on the table. having said that, though, if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, that's a point we should agree on, do that, and continue to fight for the things we believe in, simply because we accept that part of his offer doesn't mean we have to agree with the rest. but what i think a lot of people forget is, look, these tax rates are going up automatically unless congress acts. i favor acting to save as many of them as possible. >> makes sense. here's today, the speaker of the house john boehner signaled you out for your remarks on the compromise. let's listen to what you he said about you, sir. >> i told tom earlier in our conference meeting that i disagreed with him. you're not going to grow the economy if you rais
it will eventually cost us jobs and eventually slow the economy. that's going to cost us revenue as well. i don't agree with the president on that point. frankly, i think he needs to be a lot more specific about putting spending cuts and entitlement reform on the table. having said that, though, if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, that's a point we should agree on, do that, and continue to fight for the things we...
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i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many avenues to a victory right now but he's got a good escape, thomas. all john boehner has to do to exit out of this quickly is to say he won the election, we didn't, the american people in every survey say this is where we're going to go, we're going to go along with the wishes of the american people and the republicans would get goodwill for doing that. they have to get out of this ideological headrow that they're stuck in and do something for the company. >> the polls give them plausible acceptability of this plan of trying to move forward and, as you say, with the will of the american people
i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many...
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Nov 28, 2012
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you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses and hurt our economy. >> joining me now from washington, d.c., the democratic senator from washington, patty murray, a member of the senate budget committee. it is great to have you on the program. >> well, thank you, alex. nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among some folks in our circle, the fiscal mole hill. you have advocated going over the fiscal cliff as a way for both democrats and republicans to make a deal and i will call to mind -- i will call to everyone's attention comments you made at the brookings institution this summer when you said if the bush tax cuts expire every proposal will be a tax cut proposal and the norquist pledge will no longer keep republicans boxed in and unable to compromise. which would seem to be good news for republicans. what do you make of john boehner's statement saying bad idea? >> well, first of all, i respect represe
you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses and hurt our economy. >> joining me now from washington, d.c., the democratic senator from washington, patty murray, a member of the senate budget committee. it is great to have you on the program. >> well, thank you, alex. nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among...
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Dec 1, 2012
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they're salient to our economy. more than any traded economy the price of gas has a direct impact on how much pocket change americans have to save or spend on anything else. >> people are not happy this morning. gas prices are going up. once again. in fact, many people are flocking to places like this place here in davis to find the cheapest gas prices around. right now a gallon of unleaded costs you $4.13. last week, gas jumped 16 cents at many gas stations in california. prices are expected to go up another 20 cents in the next few days. >> gas prices go up and down. right? there's supply and demand. every once in awhile like in that report, there's a dramatic spike. the weird thing about that particular gas price spike in may that sparked that news report is that that gas price spike was really isolated. gas prices went way up in california, even as gas prices everywhere else were going down. and at the same time that gas prices were going way up in california, crude oil prices were going down. and even weirder,
they're salient to our economy. more than any traded economy the price of gas has a direct impact on how much pocket change americans have to save or spend on anything else. >> people are not happy this morning. gas prices are going up. once again. in fact, many people are flocking to places like this place here in davis to find the cheapest gas prices around. right now a gallon of unleaded costs you $4.13. last week, gas jumped 16 cents at many gas stations in california. prices are...
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Nov 29, 2012
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our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this thing happen? >> i really got the feeling that they understood the stakes here. while they really wanted to hear from us, what they heard from the dozen small business people in the room who represented about 150,000 in our various progressive small business organizations was don't raise taxes on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to
our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this...
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Dec 3, 2012
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look we hope and pray this economy is getting better, the job situation is getting better, there are millions of people on food stamps that were solidly middle class in the past and it's looking better and i hope and pray that congress reaches bipartisan compromise. don't send us over the fiscal cliff. do the right thing. be statesmen. reach a compromise. >> politico put some meal suggestions. this gives a perspective. for this food stamp budget you can get one sandwich two two slices of store brand bread. two slices of cheese. that's $1.24. another option is seven ounz frozen fried fish plank. what's your reaction was when you did this from your constituents and what purpose does it serve for somebody like you or cory booker to do this? >> i got a lot of kudos for doing it. i admire mayor booker for taking on this challenge. don't give us too many can you dose. we only did it for a week. there are a lot of false stereotypes about people living in food stamps. that's not fair. that's not my experience. these are hard-working people. they don't want to be on food stamps. they want to
look we hope and pray this economy is getting better, the job situation is getting better, there are millions of people on food stamps that were solidly middle class in the past and it's looking better and i hope and pray that congress reaches bipartisan compromise. don't send us over the fiscal cliff. do the right thing. be statesmen. reach a compromise. >> politico put some meal suggestions. this gives a perspective. for this food stamp budget you can get one sandwich two two slices of...
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think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. a new abc news/washington post poll say they would back hillary clinton. it's helpful no one has run a campaign against clinton for the past four years and also helping her numbers is 68% approve of the job she's done as secretary of state for this country. >>> welcome back to "hardball." we know now that mitt romney blames his loss on obama's gifts. i should put the quote marks around that. the much maligned 47% came out in force. last night paul ryan distanced himself from his running mate's remarks. take a look. >> both parties tend to divide americans into our voters and their voters. let's be really clear. republicans must steer far clear of that trap. we must speak to aspirations and anxieties of every american. >> you know, it's hardly a month
think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. a new abc news/washington post poll say they would back hillary clinton. it's helpful no one has run a campaign against clinton for the past four years and also helping her...
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think of the economy as a car and the rich man is the driver. if you don't give the driver, ç he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. a new abc news/washington post poll say they would back hillary clinto
think of the economy as a car and the rich man is the driver. if you don't give the driver, ç he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best...
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Dec 6, 2012
12/12
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our economy is a lot better. we can still go a long way. i just don't believe that there is the makeup of a great deal, because you can't trust anything any of these folks say. this is one of the reasons why i believe, tom, that the republicans haven't detailed out exactly what deductions are we talking about, what loopholes are they talking about. they won't come clean with the american people on this. it's all in these vague generalities. now, president obama is not interested in taking negotiations further until republicans put a rate increase on the table. and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff. this is a loosy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of the health
our economy is a lot better. we can still go a long way. i just don't believe that there is the makeup of a great deal, because you can't trust anything any of these folks say. this is one of the reasons why i believe, tom, that the republicans haven't detailed out exactly what deductions are we talking about, what loopholes are they talking about. they won't come clean with the american people on this. it's all in these vague generalities. now, president obama is not interested in taking...
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charles: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer money on zombies the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked bblackouts. but 's our tradition! that's rouing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. what's in your wallet? hut! [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] itoesn't. stop ptending. only flood insurance covers floods. visit floodsmart.gov/pretend to learn your risk. charles: paying for security? it could make us more financially insecure. senator tom coburn saying that homeland security has spent $35 billion in grants to make america safer. but it still can't measure if we are actuall
charles: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer money on zombies the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked bblackouts. but 's our tradition! that's rouing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your...
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Nov 29, 2012
11/12
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. >> we absolutely want to avoid going over the fiscal cliff because it would be a big drag on the economy. >> but are you willing to do that? >> what we're willing to do is come up with a package that both accelerates economic recovery, but also begins to reduce the long term deficit and the president's been very clear that that means asking higher income earn eaers to pay who are. more. so the real question is whether republicans will agree with tom cole who the other day said we should agree with the president. so let's get that done. let's not hold the middle class hostage to getting a bonus tax break for folks at the top. so it was great to hear tom come forward on that. obviously he's taken some heat within his caucus, but that would obviously avoid the fiscal cliff. >> congressman chriss van hollen, thanks so much. appreciate it. >>> so he mentioned tom cole. let me play what he had to say. >> the president is willing to accept 80% of the bush tax cuts for 9d 8% of the american peopl and make them permanent, we should do that and continue to fight for the things we believe in. >> so
. >> we absolutely want to avoid going over the fiscal cliff because it would be a big drag on the economy. >> but are you willing to do that? >> what we're willing to do is come up with a package that both accelerates economic recovery, but also begins to reduce the long term deficit and the president's been very clear that that means asking higher income earn eaers to pay who are. more. so the real question is whether republicans will agree with tom cole who the other day...
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Dec 1, 2012
12/12
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>> this is the new economy. factory jobs weren't good jobs either. the reason they became the middle class jobs we know because people organized. >> what's the next move? >> it's a movement. they are not giving up. they are going to keep working and i spoke to johnathan weston and they are hoping that more workers got energized by seeing this happen and by seeing everybody go back in today and not face reprize sal. >> so the next phase is what? >> i'm hoping for more strikes, ed. >> you're hoping for more strikes? >> yeah. >> did the 98% have anything to do with this? >> it crystallized something already going on in this country that people knew about where the wealth was going. they knew we have seen it go to the people at the top and the people at the bottom were getting squeezed. productivity has gone up, they are working harder and longer. >> there's been no organized union that has gone nd
>> this is the new economy. factory jobs weren't good jobs either. the reason they became the middle class jobs we know because people organized. >> what's the next move? >> it's a movement. they are not giving up. they are going to keep working and i spoke to johnathan weston and they are hoping that more workers got energized by seeing this happen and by seeing everybody go back in today and not face reprize sal. >> so the next phase is what? >> i'm hoping for...
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Dec 1, 2012
12/12
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he focused on the economy. and he was disciplined. so people sort of got the message, wink, wink, yeah, i'm pro-life, but i'm not going to change the law. in california he didn't sign a pro-choice position. he wasn't anti-gay. in other words, the emphasis he put on the job creation and the economy is what got him elected. your guy this time, romney, was all over the place getting stuck with positions that the public didn't want. >> but if you watch romney, he basically talked about mostly jobs. i don't recall him being out there with a great big pro-life position. do you? >> well, i thought he was. >> no. >> your platform said 14th amendment rights for the unborn. >> i think in every speech he gave he talked about jobs, jobs, and jobs. i think in the end -- a couple things happened. one, he didn't have an ideology. two, he ran a scorched earth primary campaign which caused people with all the other campaigns not to lift a finger for him. they might have voted for him, but they didn't lift -- >> they tell us, karl rove conceded he knew
he focused on the economy. and he was disciplined. so people sort of got the message, wink, wink, yeah, i'm pro-life, but i'm not going to change the law. in california he didn't sign a pro-choice position. he wasn't anti-gay. in other words, the emphasis he put on the job creation and the economy is what got him elected. your guy this time, romney, was all over the place getting stuck with positions that the public didn't want. >> but if you watch romney, he basically talked about mostly...
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Dec 1, 2012
12/12
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if you affect it by that price spike, it really does affect day-to-day consumers and our economy and jobs and everything else. >> do you believe the department of justice is capable of mounting this investigation? in a rigorous way? that they have the tools that they need? do they have a track record of investigating stuff like this well? >> they do have the tools they need. why we're asking the department of justice to be involved now, in addition to the ftc, is that the investigative arm of the department of justice can marry up with the regulatory authorities that agencies like the commodities future trading commission have, or other agencies, and do a comprehensive report, you know, approach to get all of the data. this task force existed before when it tried to tackle the enron problem. another area of energy, electricity, but an area where we saw a lot of the same schemes being perpetrated on the public, you know, by people moving supply around or creating images about supply that really weren't true. in this case, it appears that there's some evidence that we want them to inve
if you affect it by that price spike, it really does affect day-to-day consumers and our economy and jobs and everything else. >> do you believe the department of justice is capable of mounting this investigation? in a rigorous way? that they have the tools that they need? do they have a track record of investigating stuff like this well? >> they do have the tools they need. why we're asking the department of justice to be involved now, in addition to the ftc, is that the...
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Nov 30, 2012
11/12
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again, the economy is doing a little better. the unemployment numbers have been a little better, but what's the impact? >> 2 million people -- >> 2 million would lose. >> -- would lose income. here's the thing. there's a lot of talk of these people are looking or not looking for jobs, they're just taking this check. that's not the case. there's only one job for every three folks looking for a job. so there literally is not a job available for two of those people. so they have this income, unemployment insurance which keeps them in the economy, a functioning part of the economy, so they can spend the money. so the economic policy institute went ahead and extrapolated. if you were to keep this $30 billion cost of extended unemployment insurance, actually, that will pump another $15 billion to $18 billion into the economy because these folks are spending money. and that's what fuels our economy. >> some of the people who argue that we should go off the fiscal cliff, that it will push them to negotiate a sort of more thoughtful deal
again, the economy is doing a little better. the unemployment numbers have been a little better, but what's the impact? >> 2 million people -- >> 2 million would lose. >> -- would lose income. here's the thing. there's a lot of talk of these people are looking or not looking for jobs, they're just taking this check. that's not the case. there's only one job for every three folks looking for a job. so there literally is not a job available for two of those people. so they have...
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Nov 29, 2012
11/12
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and now to john boehner. >> -- sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at the white house. based on where we stand today, i would say two things. first, despite claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign style rallies and one-sided leaks in the press are nolts the way to get things done here in washington. majority leader and i just had a meeting with the treasury secretary. it was frank and it was direct. i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president really is willing to do. i remain hopeful that productive conversations can be had in the days ahead. but the white house has to get serious. yesterday our leadership t
and now to john boehner. >> -- sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at the white house. based on where we stand today, i would say two things. first, despite claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on...
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Nov 30, 2012
11/12
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it's important to go out and shop, important to stimulate the economy. if we're going to pick a store, let's go to costco which is known for treating its workers better than basically any general retailer in the country. i've been covering labor for a few years for "the new york times" and a few years ago, several people were saying, you should take a look at costco. they really do remarkable job in how they treat their workers. so i went out to their headquarters in washington. i spent a day with that gentleman next to biden, mr. sinegal, co-founder of the company. his father was a steelworker. he grew up in pittsburgh. i figured he was sympathetic to unions. he grew up catholic. he said, no, no, that's not why i treat our workers well. we're not the little sisters of the poor. he said it's good business. he said treating workers well mean they work hard for you, there's far less turnover. the typical costco worker who's been there more than a year stays on average 17 years. costco is known for having far less theft than most retailers. and he says when
it's important to go out and shop, important to stimulate the economy. if we're going to pick a store, let's go to costco which is known for treating its workers better than basically any general retailer in the country. i've been covering labor for a few years for "the new york times" and a few years ago, several people were saying, you should take a look at costco. they really do remarkable job in how they treat their workers. so i went out to their headquarters in washington. i...
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Nov 28, 2012
11/12
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i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who is in public service is that they are public servants. they want the country to be better off. no matter how you want to get there. whether or not some people think you're wrong or some people think you're dumb or misinformed, there's a general assumption that if you're involved in politics that means that what you want is a good future for america. you're out to help america, not hurt america. hurting the country on purpose when you know that's what you're doing violates the most basic thing that we think we can assume about why peop
i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who is in...
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Dec 4, 2012
12/12
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this exacts the economy. the uncertainty is creating havoc with our economy and our states. >> well, the bipartisan delegation of governors wrapped up their meetings at the white house a few hourgz ago a. they plan to meet with republican leaders this afternoon and have made one thing clear. they're not taking sides in this one. >> our focus today was not to endorse a specific plan nor to dismiss a specific plan but rather to point out as gary mentioned as governors we think it's important we have a seat at the table. >> joining us now is two governors that attended that meeting, chairman of the national governors association jack merkel as well as oklahoma's republican governor the group's vice chair. thaw for joining us. governor fallon, i'll start off with you. we heard scott walker in there. why not take a side here? >> well, we have 50 different states. we have governors that have different political philosophies. what we're trying to find is common ground, some collaboration between the national governo
this exacts the economy. the uncertainty is creating havoc with our economy and our states. >> well, the bipartisan delegation of governors wrapped up their meetings at the white house a few hourgz ago a. they plan to meet with republican leaders this afternoon and have made one thing clear. they're not taking sides in this one. >> our focus today was not to endorse a specific plan nor to dismiss a specific plan but rather to point out as gary mentioned as governors we think it's...
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Nov 30, 2012
11/12
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the world economy -- my question is would the republican party like to go over the cliff hanging onto that 2% of rich people and say that's why they did it? can they live with themselves if they do that? >> in some ways the politics for boehner becomes easier, i don't like calling it a cliff, after you go down the slope or whatever you want to call it. >> why? >> because if nothing happens between now and the end of the year, all the tax cuts, poof, they disappear. you come back, the first week in january and you pass a bill, then the tea partiers, boehner can make the argument to them if they want to be reasonable, now you're voting for a tax cut. not for everyone, but for 98%. before that happens, the tea party people will say we're voting to raise taxes on the rich. if you let it happen on its own -- >> do you buy this, joy? that people don't get what's going on? they know what the mechanics of this thing -- >> let me finish one second. the tea partiers have to worry, some of them, about being challenged from the right if they vote for anything resembling a tax hike. if you wait un
the world economy -- my question is would the republican party like to go over the cliff hanging onto that 2% of rich people and say that's why they did it? can they live with themselves if they do that? >> in some ways the politics for boehner becomes easier, i don't like calling it a cliff, after you go down the slope or whatever you want to call it. >> why? >> because if nothing happens between now and the end of the year, all the tax cuts, poof, they disappear. you come...
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Nov 28, 2012
11/12
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the goal here is to grow the economy and control spending. you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> so, joy, boehner is not exactly ready to go along with the american people, it seems. >> i think what you just saw there, rev, was a man waiting for bated breath on january 3rd, hoping that every day gets shorter and shorter and shorter as long as we're still in the lame duck congress and tea party members are still there. i think john boehner still has an ounce of fear that he will lose that vote. so he's always watching his right flank. i think boehner will be in a stronger position if we get to january 3rd and there isn't a deal and he can force a deal on his tea party members but this is a guy who still has to message to the right. this deal would have to be made by the congress that just lost the election, the congress headed by the tea party. and it's iron ironic that it lost the election but boehner has to cling to it
the goal here is to grow the economy and control spending. you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> so, joy, boehner is not exactly ready to go along with the american people, it seems. >> i think what you just saw there, rev, was a man waiting for bated breath on january 3rd, hoping that every day gets shorter and shorter and shorter as long as we're still in...
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Dec 5, 2012
12/12
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obviously globally, the economy is still soft. europe is going to be in the doldrums for quite some time, asia is not charging forward and some of the emerging markets are not charging forward as quickly as they were maybe a few years ago, but i think all of you recognized and many of you told me is that everybody's looking to america, because they understand if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, that confidence will not just increase here in the united states, it will increase globally and we can get the virtuous cycle that i think all of us have been waiting for and want to see. what's holding us back right now ironically is a lot of stuff that's going on in this town, and i know that many of you have come down here to try to see, is there a way that we can break through the log jam, and go ahead and get things done and i'm here to tell you that nobody wants to get this done more than me. i know you've gotten a lot of briefings but let me describe
obviously globally, the economy is still soft. europe is going to be in the doldrums for quite some time, asia is not charging forward and some of the emerging markets are not charging forward as quickly as they were maybe a few years ago, but i think all of you recognized and many of you told me is that everybody's looking to america, because they understand if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, that confidence...
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Dec 5, 2012
12/12
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the conditions have changed, the economy has changed, i think the outlook in the picture has changed. that's part of the reason the president is so firm about not going back to the debt ceiling conversation again and creating that level of instability and not bending on this issue of raisings the rates on the top 2%. >> yeah. i think -- >> go ahead. >> it's an important point. i think the american people are seeing that the president has already agreed to more than a year ago to that $1 trillion of cuts. that was 100% in cuts as part of the budget control act and he's always said we need a balanced approach. we can't do it through cuts alone. he has proposed additional cuts as part of the process but you need to have that revenue component to have the balanced approach. he has been insistent that we help our infrastructure and help the things that move the economy forward and it's interesting that republicans are so focused on this bonus tax break for 3 million americans but they have opposed or certainly been silent on the idea of extending for one year the payroll tax cut that benef
the conditions have changed, the economy has changed, i think the outlook in the picture has changed. that's part of the reason the president is so firm about not going back to the debt ceiling conversation again and creating that level of instability and not bending on this issue of raisings the rates on the top 2%. >> yeah. i think -- >> go ahead. >> it's an important point. i think the american people are seeing that the president has already agreed to more than a year ago...
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Nov 28, 2012
11/12
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having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independent. if so many defense jobs. our governors on the edge week. utah governor in another fox business exclusive. they have a very low unemployment rate unlike rhode island, but he says it will be impacted if d.c. cannot reach an greement. the closing bell ringing in about 47 minutes. would you do business in a dangerous area if you thought the risk might bring huge rewards? libya wants business in a huge way. we're not just talking about oil rigs and pipelines, but also massive infrastructure projects, roads, schools, you name it. part of the royal libyan family. he is back in his job is to sell libya on u.s. companies. find out what he thinks there is a big payoff for american businnss. a fox business exclusive. having you ship my gifts couldn't beasier. well, having a t olocations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male
having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independent. if so many defense jobs. our governors on the edge week. utah governor in another fox business exclusive. they have a very low unemployment rate unlike rhode island, but he says it will be impacted if d.c. cannot reach an greement. the closing bell ringing in about 47 minutes. would you do business in a dangerous area if you thought...